OpenAI-Backed Thrive Buys ADT in $15.3B Deal
OpenAI-backed Thrive Holdings is buying ADT in a $15.3 billion deal. Thrive plans to bring AI to ADT's home security business, which shows how AI money is moving into everyday services like home protection. The deal also shows how AI investment is spreading beyond chatbots into daily life.
Quick glossaryThrive Holdings, OpenAI-backed
- Thrive Holdings
- An investment company backed by OpenAI, the firm behind ChatGPT, which is the buyer in this deal for ADT.
- OpenAI-backed
- A company that has received money invested by OpenAI, the firm that makes ChatGPT, to help it grow.
Burning Potato score: 67%